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thewayneBank President Christine Lagarde repeatedly advised her son that crypto investments were usually scams and ripe with fraud, but the 30something son knew better than his old fogey mom. And he lost some 60% of his investments.
Lagarde has been a regular for railing against crypto.
I don't understand her saying he lost "almost all" his investments. He lost 60%, which admittedly is a lot. If he'd lost over 3/4ths, then I'd say almost all. But 60%? Clearly most, as that is obviously a majority, but he still has 40% of it remaining, and that's enough to reinvest - assuming he can extract it if that 40% is sitting in crypto funds.
https://www.reuters.com/technology/ecb-chief-lagarde-admits-her-son-lost-crypto-cash-2023-11-24/
Lagarde has been a regular for railing against crypto.
I don't understand her saying he lost "almost all" his investments. He lost 60%, which admittedly is a lot. If he'd lost over 3/4ths, then I'd say almost all. But 60%? Clearly most, as that is obviously a majority, but he still has 40% of it remaining, and that's enough to reinvest - assuming he can extract it if that 40% is sitting in crypto funds.
https://www.reuters.com/technology/ecb-chief-lagarde-admits-her-son-lost-crypto-cash-2023-11-24/
no subject
Date: 2023-11-29 06:55 am (UTC)People forget the basic rule of 'If it seems too good to be true, it probably is' and go for newfangledness.